g DI 7 8 4 5 6 3 Part 2 - Budgeting Policies and Projection Pa You and your fellow friends are managers in your business enterprise. The team are now preparing the budgeting for second quarter of 2022. Information and requirement below are given to assists your budgeting policy. (0) Explain the background of your business enterprise. (Name of enterprise, field, area, what product, location, years of operation and who are the managers.) 1034 The forecasted sales are as follows: RE January RM185,000 February RM200,000 March RM360,000 April RM320,000 May 195,000 June 250,500 Sales shall consist of cash and credit sales. Credit sales shall have at least TWO (2) patterns of collection. (iv) You have a space in your premises that is available for rental. Determine the rental value and collection policy. Determine the budgeted purchases of your product. The value shall not exceed 60% from total sales value. (vi) What will be your purchases payment pattern. It needs to have at least THREE (3) patterns of settlement. (vii) List down FIVE (5) types of monthly business expenses. Describe the payment policy (viii) Illustrate on ONE (1) investment that your business had invested in. The return on investment will be received in April. (ix) Describe ONE (1) depreciation expenses of non-current assets in your enterprise. (x) The cash amount as at 31 March 2022 is expected to be RM16,205. All calculation is to be round off to nearest whole number. Required: Develop your enterprise budgeting policy for second quarter of 2022 and prepare your cash budget for the period. 6 Mozurai Mohamed g DI 7 8 4 5 6 3 Part 2 - Budgeting Policies and Projection Pa You and your fellow friends are managers in your business enterprise. The team are now preparing the budgeting for second quarter of 2022. Information and requirement below are given to assists your budgeting policy. (0) Explain the background of your business enterprise. (Name of enterprise, field, area, what product, location, years of operation and who are the managers.) 1034 The forecasted sales are as follows: RE January RM185,000 February RM200,000 March RM360,000 April RM320,000 May 195,000 June 250,500 Sales shall consist of cash and credit sales. Credit sales shall have at least TWO (2) patterns of collection. (iv) You have a space in your premises that is available for rental. Determine the rental value and collection policy. Determine the budgeted purchases of your product. The value shall not exceed 60% from total sales value. (vi) What will be your purchases payment pattern. It needs to have at least THREE (3) patterns of settlement. (vii) List down FIVE (5) types of monthly business expenses. Describe the payment policy (viii) Illustrate on ONE (1) investment that your business had invested in. The return on investment will be received in April. (ix) Describe ONE (1) depreciation expenses of non-current assets in your enterprise. (x) The cash amount as at 31 March 2022 is expected to be RM16,205. All calculation is to be round off to nearest whole number. Required: Develop your enterprise budgeting policy for second quarter of 2022 and prepare your cash budget for the period. 6 Mozurai Mohamed
